Amendment to Placement Agent Agreement Between Midtown Partners & Co., LLC and Magnolia Solar, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

This letter agreement, dated November 24, 2009, is an amendment between Midtown Partners & Co., LLC and Magnolia Solar, Inc. It extends the term of their original placement agent agreement, signed on September 22, 2008, through December 31, 2010. Both parties confirm their agreement to this extension by signing the letter. No other terms of the original agreement are changed.

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EX-10.11 19 ex1011.htm EXHIBIT 10.11 - PLACEMENT AGENT AGREEMENT EXTENSION LETTER ex1011.htm
Exhibit 10.11
 
Midtown Partners & Co., LLC
4218 West Linebaugh Avenue
Tampa, FL 33624
Phone: 813 ###-###-#### ♦ Fax: 813 ###-###-####
  
 
 
 
 


November 24, 2009


CONFIDENTIAL

Magnolia Solar, Inc.
52-B Cummings Park
Suite 311
Woburn, MA ###-###-####


Attention:             Ashok K. Sood, Ph.D, Chief Executive Officer
Yash R. Puri, Executive Vice-President


Re:       Amendment to Letter Agreement dated September 22, 2008

Dear Sirs:

Reference is hereby made to a letter agreement by and between Midtown Partners & Co., LLC (“Midtown”) and Magnolia Solar, Inc. (“Magnolia”, collectively the “Parties”) dated September 22, 2008 (the “Agreement”).

The Parties hereby agree to:

1) Extend the Term, as defined in Section 5 of the Agreement, through December 31, 2010.

If the foregoing correctly sets forth our understanding with respect to the proposed amendment to the Agreement, please so confirm by signing and returning one copy of this letter.
 
 MIDTOWN PARTNERS & CO., LLC        
         
         
By: /s/ Bruce Jordan
    
Date: November 24, 2009
  
Bruce Jordan, President
    
 
  
 
    
 
  
         
MAGNOLIA SOLAR, INC.        
         
         
By: /s/ Ashok Sood     Date: November 24, 2009  
Ashok K. Sood, Ph.D., CEO